Wednesday, May 12, 2010

US Exposure to EU Bailout Is Big But Risk Is Limited

""Inflation and debt is not the answer to a problem caused by inflation and debt," said Michael Pento, chief economist at Delta Global Advisors and a critic of both the European plan and the Fed's approach to US fiscal stability. "It's a European problem that should have been dealt with by Europeans." " [CNBC]

"Barack Obama lectured (fellow) socialist Prime Minister Jose Luis Zapatero of Spain today on reining in the country’s debt. This comes from the same man who just tripled the US national deficit in less than one year." [Gateway Pundit]



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